anyone daytrading the QM mini Crude Oil?

Quote from increasenow:

don't want to miss out on the "best contract to trade"
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CL is the best contract to trade. Price moves a few ticks off every possible level you can think of, meaning that even if you have no idea how to trade, you can just buy a support level or sell a resistance level with a 3-tick stop and rarely lose more than 4 or 5 ticks with slippage, but every now and then catch a really nice move.

I've never even looked at QM. Mainly because I can't figure out what "QM" stands for, and that disturbs me. I can't trade something whose symbol makes no sense.

Symbols that make sense, so I will trade them:

6E = Euro (E for "Euro" and 6 for "there are 6 major European countries I can name, 5 constantly needing bailouts and 1 constantly rolling its eyes at the them")

AAPL = Apple (the fact it has 2 "A"s instead of 2 "P"s is merely whimsical, not disturbing)

CL = Crude, light (totally sensible; the only symbol that would be more sensible would be "OIL")

ES = Electronic S&P500


Symbols that make no sense, so I will not trade them:

X = ?? (I actually used to trade this stock until it caused a severe brain infection one day involving 40 trades and a max daily loss)

QM = ??

YM = ??

RBOB = ?? (What were they thinking???)
 
Quote from NoDoji:

RBOB = ?? (What were they thinking???)
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Reformulated something that starts with B something that starts with O something that starts with B :D I like SWUTMG better (stuff we use to make gasoline)
 
The QM/CL is a perfectly good instrument for a newb to lose a lot of money very fast. It's a very difficult instrument to trade that requires a lot of study and analysis. It's definitely tradeable but you can't just jump in and expect to start generating coin.
 
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